Compare Mortgage Quotes

Refinance Rates for Today

Please enable JavaScript for the best experience.

In the mean time, check out our refinance rates!

Company Loan Type APR Est. Pmt.

Deduct entire amount on tax

Posted on: 26th Aug, 2013 02:23 am
Will I be able to deduct the entire amount to buy a house on my 1040 tax?
Well, you will not be able to deduct the entire home purchase amount on your 1040 tax. You will be able to deduct the mortgage interest payments if you itemise your tax payments.
Posted on: 26th Aug, 2013 03:09 am
Hi Feryl!

Welcome to the forums!

I agree with what Niicss has said. It will be better if you could contact a tax adviser and take his opinion in this regard.

Feel free to ask if you've further queries.

Sussane
Posted on: 26th Aug, 2013 07:58 pm
Page loaded in 0.176 seconds.